U.S. Wheat Associate officials see several positives with the just completed rewrite of NAFTA, now called the US Mexico Canada Trade Agreement. Wheat Associates Steve Mercer says the part of the deal that includes the U.S. and Mexico is positive for U.S. wheat as duty free access continues under the deal.
He says the USMCA has an improvement for U.S. wheat sold into Canada as the grading problem has been fixed. Mercer says before Canada downgraded US..wheat sold in their country to feed grade which brought a lower price. He says that has changed with the new agreement.
Mercer says it remains to be seen whether or not the U.S. Congress will ratify the agreement but he’s hoping their partner group, the National Association of Wheat Growers will weigh in on that to see the changes made in the USMCA are approved going forward.
Mercer says prior to passage of this USMCA, Mexico has been the top customer for U.S. wheat in two of the last five years.
